SG Trading Solutions LLC Acquires New Position in Tapestry, Inc. $TPR

SG Trading Solutions LLC bought a new position in Tapestry, Inc. (NYSE:TPR) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 5,466 shares of the luxury accessories retailer’s stock, valued at approximately $698,000.

Other large investors also recently bought and sold shares of the company. Acumen Wealth Advisors LLC purchased a new position in shares of Tapestry in the fourth quarter worth $28,000. Triumph Capital Management acquired a new stake in shares of Tapestry during the third quarter worth $29,000. Steph & Co. grew its holdings in shares of Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Tapestry during the fourth quarter valued at $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Tapestry in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Trading Down 1.2%

Shares of Tapestry stock opened at $144.07 on Friday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The firm has a fifty day moving average price of $142.73 and a 200 day moving average price of $138.90. Tapestry, Inc. has a 1 year low of $83.26 and a 1 year high of $161.97. The stock has a market cap of $29.11 billion, a PE ratio of 46.18, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities research analysts predict that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry’s payout ratio is 51.28%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TPR. Evercore set a $175.00 target price on Tapestry in a research note on Friday, May 8th. UBS Group upgraded Tapestry from a “neutral” rating to a “buy” rating and boosted their price target for the company from $142.00 to $187.00 in a research note on Friday, May 8th. Argus set a $165.00 price objective on Tapestry in a report on Thursday, March 12th. Citigroup raised their price objective on Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Tapestry presently has an average rating of “Moderate Buy” and an average target price of $165.12.

Insider Activity

In other news, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the sale, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the sale, the chief executive officer directly owned 652,434 shares in the company, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.32% of the company’s stock.

About Tapestry

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.